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January 29, 2008
Daily Report for Tue, Jan 29, 2008
Markets Re-cap
Has the US equity market ever not rallied when the President was about to give a State of the Union address to Congress? All that is needed to boost the hopes of traders is to leak word of another Fed easing. Politicians after all know how to prime the pump.
So with the Fed about to ease for the second time in a week, traders got bullish. They decided to ignore a terrible New Housing Sales report. December sales sank -4.7 pct, reaching its lowest level since 1996. Median home prices plunged -10.4 pct to $219,200.
In any case, the DJIA (+176 +1.45 pct), S&P 500 (+23 +1.75 pct), and Nasdaq Composite (+23 +1.02 pct) rallied on strength in Financials (XLF +3.57 pct), Energy (XLE +2.27 pct) and Basic Materials (XLB +1.98 pct). The laggard was Technology (XLK +0.44 pct). Even the Russell Small Caps were up +2.00 pct to 702.39.
Despite higher oil prices, the Airlines ($XAL) lifted +3.38 pct. Similarly, the Retailers ($RLX +3.00) were strong, with traders anticipating help for consumers from the $150 billion economic stimulus package that should be passed soon by Congress. The Banks, Broker-Dealers and Insurance helped the Financials, with gains in $BKX +3.62 pct, $XBD +3.78 pct and $INSR +2.65 pct.
On the earnings front, McDonalds (MCD) 4Q net income lifted +2.6 pct to $1.27 billion vs $1.24 billion a year earlier.
On the deals front, the CME Group (CME) and Nymex Holdings (NMX) confirmed rumors that CME could purchase Nymex for $13.3 billion.
Crude Oil ($WTIC) lifted +0.28/bbl to 90.99.
The $USD dropped -0.53 pct to 75.58 as the Euro ($XEU) lifted +0.77 pct to 14779. The Yen was a little stronger +0.11 pct to 93.53.
$GOLD gained +22.10 to close at $932.80/troy oz.
Treasury yields moved a little higher.
In the futures market this morning at about 7:22am ET, the March Euro was up modestly +0.05 pct to 1.4768. Crude Oil March E-miNY’s were up +0.56 pct to 91.525. Interest rates were quiet.
Spot gold and silver this morning was up from midnight by +0.09 and +0.12 pct respectively to 928.20 and 16.67. Spot platinum however bounced back off a high of 1732.50 to fall to 1699.
Overnight, the Nikkei 225 of Japan rallied +2.99 pct and Hong Kong’s Hang Seng was up +0.99 pct. The day before, these indexes had crashed -3.97 pct and -4.25 pct, respectively.
Early today in Europe (7:43am ET), the FTSE is up +0.89 pct, the DAX is up +0.82 pct and the CAC +1.36 pct.
Comments & Outlook
Traders today are focused on the FOMC, which reports tomorrow. There could be a boost as the DJIA March futures are up +17, and the tide seems to be lifting all boats. But the Fed’s decision tomorrow could be a let-down.
It pays not to guess at these things. Obviously you and I were not standing and cheering with Hank Paulson last night in the House of Representatives. We’re out of the loop. We have to see what these people would like to have markets do, and then we can react.
I’d rather be an actor, but we do what we have to do.
Yes, I still believe these rallies are counter-trend rallies in an ongoing Bear market. I understand that priming the economic pump will help, some sectors at least, but at the end of the month, too many Americans are still coming up a dollar short.
Putting a few dollars in their pockets is a tease. Put high-paying jobs back in their lives and they will take care of themselves.
Links & Charts
International Economics Review
Knobias Cara100 Tables
|
Portfolio GAINERS |
| SYMB | LAST | CHG | %C | VOL |
| ABV | 72.010 | +5.090 | +7.6 | 832.9K |
| IBKR | 33.340 | +1.890 | +6 | 1.5M |
| PBR | 110.020 | +5.400 | +5.2 | 9.4M |
| GRMN | 68.220 | +3.280 | +5.1 | 4M |
| SWK | 48.910 | +2.330 | +5 | 1.7M |
| JCP | 44.600 | +2.120 | +5 | 4.8M |
| LEH | 60.630 | +2.760 | +4.8 | 12.1M |
| BBBY | 30.650 | +1.290 | +4.4 | 5M |
| TS | 39.620 | +1.640 | +4.3 | 1.9M |
| OXPS | 29.720 | +1.220 | +4.3 | 1.4M |
| CCL | 43.130 | +1.720 | +4.2 | 4.5M |
| KSS | 43.470 | +1.630 | +3.9 | 5.9M |
| GOL | 18.940 | +0.710 | +3.9 | 670K |
| TGT | 53.470 | +1.870 | +3.6 | 10.8M |
| DOW | 37.590 | +1.280 | +3.5 | 6.5M |
| BC | 17.660 | +0.560 | +3.3 | 1.7M |
| DB | 114.890 | +3.460 | +3.1 | 595K |
| AMAT | 17.950 | +0.530 | +3 | 16.6M |
| ERJ | 42.150 | +1.170 | +2.9 | 707.8K |
| WHR | 79.990 | +2.210 | +2.8 | 1.7M |
| BMY | 23.590 | +0.620 | +2.7 | 15.3M |
| ABX | 53.570 | +1.400 | +2.7 | 13.3M |
| IBN | 63.930 | +1.670 | +2.7 | 2M |
| ABB | 24.890 | +0.640 | +2.6 | 4.5M |
| WBK | 117.270 | +3.010 | +2.6 | 15.7K |
|
Portfolio LOSERS |
| SYMB | LAST | CHG | %C | VOL |
| YHOO | 20.780 | -1.160 | -5.3 | 32.2M |
| ERTS | 46.190 | -1.030 | -2.2 | 5.8M |
| GOOG | 555.980 | -10.420 | -1.8 | 5.8M |
| NTES | 18.340 | -0.270 | -1.5 | 1.6M |
| NOK | 34.580 | -0.500 | -1.4 | 15.6M |
| MBT | 84.270 | -0.940 | -1.1 | 2.1M |
| CCJ | 34.420 | -0.250 | -0.7 | 3.3M |
| IMO | 48.510 | -0.340 | -0.7 | 347.8K |
| GFI | 15.050 | -0.100 | -0.7 | 8.9M |
| CEO | 144.570 | -0.930 | -0.6 | 476.4K |
| TGP | 28.160 | -0.120 | -0.4 | 105.8K |
| CSCO | 24.100 | -0.100 | -0.4 | 60.5M |
| WFMI | 37.480 | -0.070 | -0.2 | 2.8M |
| HBC | 75.560 | -0.140 | -0.2 | 1.3M |
| BDK | 69.880 | -0.100 | -0.1 | 2.9M |
| ORCL | 20.260 | -0.020 | -0.1 | 29.2M |
| PTR | 147.700 | -0.130 | -0.1 | 920.3K |
| PG | 65.290 | -0.020 | -0 | 10.9M |
|
Portfolio 52-Wk HIGHS |
| SYMB | DAY HIGH | LAST | CHG | %CHG | VOL |
| ABX | 53.930 | 53.570 | +1.400 | +2.68 | 13.32M |
|
Portfolio 52-Wk LOWS |
| SYMB | DAY LOW | LAST | CHG | %CHG | VOL |
| NONE FOUND. | |||||
|
Portfolio VOLUME |
| SYMB | LAST | %C | VOL | %ADSV |
| BDK | 69.880 | -0.1 | 2.9M | +91 |
| TGP | 28.160 | -0.4 | 105.8K | +84 |
| TT | 44.300 | +0 | 8.5M | +66 |
| SNDK | 25.890 | +1.1 | 15.9M | +58 |
| NTES | 18.340 | -1.5 | 1.6M | +52 |
| IBKR | 33.340 | +6 | 1.5M | +40 |
| ERTS | 46.190 | -2.2 | 5.8M | +29 |
| GSK | 47.630 | +1.5 | 2.7M | +21 |
| CCJ | 34.420 | -0.7 | 3.3M | +19 |
| SWK | 48.910 | +5 | 1.7M | +19 |
| MBT | 84.270 | -1.1 | 2.1M | +17 |
| VCP | 26.530 | +0.7 | 784.1K | +12 |
|
|
Analysts UPGRADES |
| SYMB | ANALYST | OLD | NEW | BEFORE | AFTER | ||
| NONE FOUND. | |||||||
| • PREVIOUS SESSION | |||||||
| ABB | HSBC | --- |
|
--- | Neutral |
|
Overweight |
| NOK | Davenport | --- |
|
--- | Neutral |
|
Buy |
|
Analysts DOWNGRADES |
| SYMB | ANALYST | OLD | NEW | BEFORE | AFTER | ||
| WAG | Smith Barney | 45.00 |
|
33.00 | In-line |
|
Sell |
| • PREVIOUS SESSION | |||||||
| NONE FOUND. | |||||||
Cara 100 Daily RSI-7 Charts
At least one RSI value >70:
| Ticker | Last | RSI-7M | RSI-7W | RSI-7D | Zone |
|---|---|---|---|---|---|
| ABX | 53.57 | 87.98 | 71.60 | 73.07 | Distribution Zone (for 1 days) |
| PBR | 110.02 | 82.20 | 58.67 | 64.33 | |
| GG | 38.38 | 80.91 | 63.68 | 66.02 | |
| IBN | 63.93 | 78.26 | 54.33 | 51.98 | |
| SLW | 16.88 | 71.47 | 58.14 | 58.47 | |
| SWK | 48.91 | 36.73 | 47.18 | 73.70 | |
| BC | 17.66 | 14.55 | 44.39 | 77.18 | Buy alert (trig. 6 days ago [on 2008-01-18 at $15.09, +17.03% chg], after a 3 day AZ) |
At least one RSI value <30:
| Ticker | Last | RSI-7M | RSI-7W | RSI-7D | Zone |
|---|---|---|---|---|---|
| BC | 17.66 | 14.55 | 44.39 | 77.18 | Buy alert (trig. 6 days ago [on 2008-01-18 at $15.09, +17.03% chg], after a 3 day AZ) |
| KSS | 43.47 | 17.17 | 38.99 | 60.46 | Buy alert (trig. 8 days ago [on 2008-01-16 at $39.57, +9.86% chg], after a 9 day AZ) |
| SBUX | 19.66 | 17.71 | 35.91 | 51.40 | |
| DELL | 20.35 | 22.34 | 23.06 | 39.74 | Buy alert (trig. 3 days ago [on 2008-01-24 at $21.09, -3.51% chg], after a 2 day AZ) |
| JCP | 44.60 | 22.75 | 46.60 | 67.49 | |
| UBS | 42.41 | 23.35 | 34.31 | 46.98 | Buy alert (trig. 5 days ago [on 2008-01-22 at $40.56, +4.56% chg], after a 2 day AZ) |
| WAG | 34.45 | 24.23 | 34.00 | 49.58 | Buy alert (trig. 8 days ago [on 2008-01-16 at $33.24, +3.64% chg], after a 2 day AZ) |
| SNDK | 25.89 | 25.30 | 12.46 | 32.25 | Buy alert (trig. 1 days ago [on 2008-01-28 at $25.89, +0.00% chg], after a 1 day AZ) |
| TGP | 28.16 | 28.16 | 30.72 | 30.19 | |
| TM | 102.20 | 28.60 | 33.37 | 54.51 | Buy alert (trig. 4 days ago [on 2008-01-23 at $99.25, +2.97% chg], after a 1 day AZ) |
| HBC | 75.56 | 28.82 | 22.55 | 40.01 | Buy alert (trig. 4 days ago [on 2008-01-23 at $76.62, -1.38% chg], after a 4 day AZ) |
| BBBY | 30.65 | 29.74 | 54.40 | 65.46 | |
| PAYX | 33.70 | 29.77 | 21.52 | 51.99 | Buy alert (trig. 4 days ago [on 2008-01-23 at $33.34, +1.08% chg], after a 1 day AZ) |
| GOL | 18.94 | 31.32 | 21.64 | 36.88 | Buy alert (trig. 1 days ago [on 2008-01-28 at $18.94, +0.00% chg], after a 1 day AZ) |
| BA | 77.60 | 32.13 | 22.45 | 37.46 | Buy alert (trig. 3 days ago [on 2008-01-24 at $77.62, -0.03% chg], after a 1 day AZ) |
| BMY | 23.59 | 32.66 | 22.04 | 37.05 | Buy alert (trig. 1 days ago [on 2008-01-28 at $23.59, +0.00% chg], after a 4 day AZ) |
| YHOO | 20.78 | 33.12 | 24.91 | 39.00 | Buy alert (trig. 6 days ago [on 2008-01-18 at $20.78, +0.00% chg], after a 1 day AZ) |
| LLTC | 27.66 | 33.16 | 23.87 | 41.12 | Buy alert (trig. 4 days ago [on 2008-01-23 at $28.05, -1.39% chg], after a 2 day AZ) |
| DIS | 29.37 | 34.07 | 29.16 | 47.80 | Buy alert (trig. 4 days ago [on 2008-01-23 at $28.52, +2.98% chg], after a 2 day AZ) |
| DB | 114.89 | 35.71 | 28.24 | 41.64 | |
| CCJ | 34.42 | 36.47 | 28.86 | 31.17 | |
| ADBE | 35.15 | 36.81 | 20.46 | 30.60 | |
| CSCO | 24.10 | 36.97 | 19.73 | 37.43 | |
| GSK | 47.63 | 37.26 | 34.58 | 26.43 | |
| ERTS | 46.19 | 38.51 | 22.21 | 20.99 | |
| INTC | 20.29 | 39.08 | 29.36 | 42.18 | |
| GE | 34.72 | 39.54 | 29.26 | 49.29 | |
| STO | 26.40 | 40.44 | 26.32 | 41.34 | |
| PTR | 147.70 | 47.08 | 26.67 | 32.54 | |
| PG | 65.29 | 48.08 | 24.63 | 19.30 | |
| TOT | 73.23 | 48.39 | 29.95 | 33.65 | |
| JNJ | 63.07 | 48.83 | 32.13 | 23.21 | |
| GOOG | 555.98 | 49.67 | 27.78 | 26.37 |
International Equity Markets Review
Europe
Here is the latest session data for the bourses of Europe.
Here is the latest session data for the London stock exchange FTSE.
Here is the latest session data for the German DAX.
Here is the latest session data for the French CAC 40.
Here is the latest session data for the Milan Italy stock exchange MIBTEL.
Here is the latest session data for the Swiss market index.
Asia-Pacific
Here is the latest session data for the Asia-Pacific stock exchanges.
Here is the latest chart for the Japanese Nikkei 225 index.
Here is the latest chart for the Singapore index .
Here is the latest chart for the Shanghai Composite index .
Here is the latest chart for the Hong Kong Hang Seng index .
Here is the latest chart for the India BSE 30 index .
Here is the latest chart for the Australian All Ordinaries index .
US Equity Markets Review
NASDAQ Composite (interactive) chart
Table: Dow 30 List
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
You can do this table yourself by entering the following string into the Summaries window at www.billcara2.com and then clicking on the link for Performance.
AA AIG AXP BA C CAT DD DIS GE GM HD HON HPQ IBM INTC JNJ JPM KO MCD MMM MO MRK MSFT PFE PG T UTX VZ WMT XOM
Here are the links to interactive Dow charts from Billcara2.com that I broke into groups of ten, which you can add technical indicators for as well. (list one) (list two) (list three)
The Americas
Here is the latest session data for the exchanges of the Americas.
Here is the latest chart for the Brazilian Bovespa stock exchange in Sao Paulo.
Here is the latest session data for the Toronto Stock Exchange composite index.
Sector ETF Summary for the US equity market
The tables I show in this section are for ten (GICS) Sector Index Funds (ETF's) only, but they cover the full spectrum of the US equity market.
Table 1: Cara ETF List is sorted by price performance Week over Week (W/W), i.e. 1W%N.
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
You can do this table yourself by entering the following string into the Summary window at Billcara2.com and then clicking on the link for Performance. XLE XLB XLI XLY XLP IYH XLF SMH IYZ XLU . You can also add more ETFâs â up to 30 in total.
For a list of components to any ETF, go to the AMEX.com web site, and click on ETF's.
10 (energy: XLE)

15 (basic materials: XLB)

20 (industrial: XLI)

25 (consumer discretionary: XLY)

30 (consumer staples: XLP)

35 (healthcare: IYH)

40 (financial: XLF)

45 (technology, semiconductor: SMH)

50 (telecom: IYZ)

55 (utilities: XLU)

International Equity Market USD-denominated ETF Review
Table 13: International equities via the USD-denominated ETF perspective
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Japanese equity market ETF: EWJ
Here is the Japanese (EWJ) equity market ETF Daily data charts:


U.K. equity market ETF
Here is the United Kingdom (EWU) equity market ETF Daily data charts:
EWU Daily data:


Canada's equity market
Here is the Canadian (EWC) equity market ETF Daily data charts:


Bonds & Yields Review
Table 10: US Treasury Yields
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 3 Month | 2.17 | 2.17 | 2.68 | 3.01 |
| 6 Month | 2.25 | 2.27 | 2.70 | 3.29 |
| 2 Year | 2.18 | 2.18 | 2.32 | 3.09 |
| 3 Year | 2.13 | 2.14 | 2.27 | 3.04 |
| 5 Year | 2.78 | 2.77 | 2.73 | 3.49 |
| 10 Year | 3.58 | 3.56 | 3.62 | 4.07 |
| 30 Year | 4.28 | 4.27 | 4.28 | 4.49 |
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 2yr AA | 2.28 | 2.19 | 2.63 | 3.11 |
| 2yr AAA | 2.36 | 2.34 | 2.65 | 3.12 |
| 2yr A | 2.79 | 2.70 | 2.77 | 3.37 |
| 5yr AAA | 2.70 | 2.76 | 2.87 | 3.35 |
| 5yr AA | 2.69 | 2.70 | 2.84 | 3.35 |
| 5yr A | 2.98 | 3.04 | 3.15 | 3.51 |
| 10yr AAA | 3.40 | 3.44 | 3.41 | 3.87 |
| 10yr AA | 3.34 | 3.36 | 3.39 | 3.76 |
| 10yr A | 3.63 | 3.67 | 3.64 | 4.10 |
| 20yr AAA | 4.27 | 4.29 | 4.17 | 4.59 |
| 20yr AA | 4.41 | 4.42 | 4.31 | 4.72 |
| 20yr A | 4.30 | 4.43 | 4.12 | 4.60 |
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 2yr AA | 3.54 | 3.40 | 3.64 | 4.28 |
| 2yr A | 3.64 | 3.52 | 3.80 | 4.46 |
| 5yr AAA | 4.17 | 3.93 | 4.20 | 4.60 |
| 5yr AA | 4.29 | 4.23 | 4.19 | 4.91 |
| 5yr A | 4.29 | 4.16 | 4.24 | 4.79 |
| 10yr AAA | 5.00 | 4.94 | 4.97 | 5.03 |
| 10yr AA | 5.20 | 5.11 | 5.22 | 5.32 |
| 10yr A | 5.27 | 5.28 | 5.17 | 5.45 |
| 20yr AAA | 5.34 | 5.35 | 5.30 | 5.32 |
| 20yr AA | 5.68 | 5.63 | 5.68 | 5.76 |
| 20yr A | 6.01 | 5.94 | 6.03 | 6.19 |
Here is the $USB 30-year Treasury Bond chart.

US Bond Funds -- Interactive Daily Data Charts
SHY Daily data series chart:
IEF Daily data series chart:
TLT Daily data series chart:
AGG Daily data series chart:
LQD Daily data series chart:
TIP Daily data series chart:
Table 11: Interest-sensitive securities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Consumer Finance -USA -- Interactive Daily Data Charts
Commodities Review
Interactive Chart of Daily CRB Commodities Index:

Interactive Chart of Weekly CRB Commodities Index:

Oil Review
Here is the e-miNY Mar-08 Crude Oil chart.
Interactive Chart of Daily Crude Oil:

Interactive Chart of Weekly Crude Oil:

Table 2: Senior oil & gas equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Gold & Precious Metals Review
Interactive Chart of Daily Gold EOD Continuous Contract Index:

Interactive Chart of Weekly Gold EOD Continuous Contract Index:

Spot silver chart for the week
Interactive daily data
Interactive Chart of Daily Silver EOD Continuous Contract Index:

Interactive chart of the Silver Bullion index.
Interactive Chart of Weekly Silver EOD Continuous Contract Index:

Spot platinum chart for the past three days
Interactive Chart of Daily Platinum EOD Continuous Contract Index:

Interactive Chart of Weekly Platinum EOD Continuous Contract Index:

Interactive chart of the Platinum metal index.
Spot palladium chart for the week
Interactive Chart of Daily Palladium EOD Continuous Contract Index:

Interactive Chart of Weekly Palladium EOD Continuous Contract Index:

Interactive chart of the Palladium metal index.
Interactive Chart of Weekly Copper EOD Continuous Contract Index:


Interactive Chart of Daily Copper EOD Continuous Contract Index:
Interactive chart of the Copper metal index.
Table 12: Senior gold equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
To watch the moves in precious metal miners, you will have to monitor the individual stock charts, preferably in real-time, as follows:
NEM ABX AU GFI GG HMY AUY KGC BVN
Interactive Daily data
Interactive Weekly data
MDG LIHRY AEM BGO IAG EGO RGLD GOLD CDE GRS
Interactive Daily data
Interactive Weekly data
CBJ SSRI SIL NG KRY UXG GRZ TSE_HRG TSE_GUY TSE_AGI
Interactive Daily data
Interactive Weekly data
NXG GSS MNG DROOY MFN RNO RANGY MRB CLG
Interactive Daily data
Interactive Weekly data
Here are the key Silver miners and the SLV ETF:
SLV SIL CDE HL PAAS SSRI SLW MGN
Interactive Daily data
Interactive Weekly data
Here are the Weekly and Daily Data charts of the indexes:
Interactive Chart of Daily U.S. Goldminers Index:

Interactive Chart of Weekly U.S. Goldminers Index:

The U.S. goldminer share trust ETF trades under the ticker symbol GDX.
Here are the U.S. Goldminer ETF (GDX) index Weekly and Daily data charts:
GDX Daily data:

GDX Weekly data:

The Toronto Exchange-listed goldminer iUnits S&P/TSX Capped Gold Index ETF trades under the ticker symbol TSE:XGD. Yes, just like GDX on the AMEX, you can trade XGD on Toronto.
Here are the Weekly and Daily data charts for the TSX Goldshares (XGD) index:
Interactive Chart of XGD Daily data:

Interactive Chart of XGD Weekly data:

Forex Review
Here is the chart of the week's trading in the $USD.
Interactive Chart of Daily U.S. Dollar Index:

Interactive Chart of Daily Euro Dollar Index, priced in USD:

Daily British Pound Index:

Daily Japanese Yen Index:

Daily Canadian Dollar Index:

Posted by Posted by Bill Cara on January 29, 2008 07:50:11 AM | Category: Daily Report








